The stock price of the creators of Crimson Desert surged sharply amid strong game sales
However, a full recovery of the pre-release drop has not yet been achieved.
Crimson Desert
Serkan Toto, an analyst from Kantan Games, noted the rise in Pearl Abyss's stock. He observed that the developers' shares began to rise again vigorously after the announcement of 3 million copies of Crimson Desert sold. As a result, in the past two days, their value increased by 26.5%, and as of the time of writing, the shares are trading at 51,500 won ($34.18) each.
However, before the release of Crimson Desert, a single Pearl Abyss share was worth significantly more on the market. For instance, on March 18, the eve of the game's release, the price was 65,600 won ($43.5). How long it will take for Pearl Abyss to return to its previous level is unclear.
It should be noted that Pearl Abyss's shares plummeted following the release of reviews for Crimson Desert from the press: the game received a score of 78 out of 100 on Metacritic, which did not meet investor expectations. It is also likely that the stock value was subsequently affected by Crimson Desert's rating on Steam, which was "Mixed" at launch and only recently improved to "Mostly Positive."
"Such occurrences with gaming company stocks frequently happen in Asian markets," concluded Toto.